Anticipated Ramsey Reforms and the Uniform Taxation Principle: the Role of International Financial Markets
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https://www.nber.org/papers/w9862
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资源简介:
This paper studies the role of asset-market completeness for the properties of optimal policy. A suitable framework for this purpose is the small open economy with complete international asset markets. For in this environment changes in policy represent country-specific risk diversifiable in world
提供机构:
美国国家经济研究局
创建时间:
2003-07-01



